Aluminum
National Aluminium Company Limited (NSE: NATIONALUM) falls 5% intraday
National Aluminium Company Limited (NSE: NATIONALUM) stock price drops 5% to ₹358.5 in intraday trading, reflecting a breakdown trend in the Basic Materials.
National Aluminium Company Limited (NATIONALUM) fell -5% to ₹358.5 on the NSE on 23 Jun 2026. The drop comes as the company announced the closure of its trading window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. This move is specific to NATIONALUM and does not reflect broader sector trends. The company operates in the aluminum segment of the basic materials sector, focusing on aluminum production and related products.
Technical setup — trendlines & DMA
From a technical perspective, NATIONALUM is currently in a breakdown phase, trading below its 6-month support trendline which ends at ₹367.09, a mere 2.40% above today’s price. Resistance is notably higher at ₹424.42, representing an 18.39% upside from the current price. The 50-day moving average (DMA) at ₹408.9 is above the 200-DMA at ₹332.8, signaling a bullish trend despite the stock trading below both averages. Currently, NATIONALUM is in the upper third of its 52-week range, indicating that while there’s room for further downside, a significant portion of potential upside is already priced in.
Snapshot: ₹358.50 on 2026-06-23 (chart frozen at publication)
Fundamentals & business context
On the fundamental front, NATIONALUM presents a compelling case with a PE of 11.3, underpinned by robust profit margins of 32.5% and a strong revenue CAGR of 15.0%. The profit CAGR of 35.0% over the past five years further enhances its appeal, suggesting that the market may be undervaluing the company’s growth trajectory. Institutional ownership stands at 21.5%, indicating a level of confidence from sophisticated investors. There was no specific NSE catalyst today beyond the trading window closure, which typically doesn’t impact stock performance directly.
Algorithmic scorecard
The algorithmic scorecard paints a picture of a stock with strong fundamentals but weaker technicals. The overall score reflects a balanced view, with the fundamental score highlighting excellent revenue and profit growth, coupled with strong financial health indicated by a very low debt level and excellent efficiency. The technical score, however, flags bearish sentiment over the last 30 days and weak momentum, though it also notes the stock’s bullish trend as indicated by the 50-DMA being above the 200-DMA. The two strongest signals are the excellent efficiency and the undervalued PEG ratio, suggesting robust business health and potential for growth. Conversely, the weakest signals are the bearish sentiment and weak momentum, which could pose risks if market conditions deteriorate.
Company outlook
Management’s forward guidance indicates a stable pricing environment for alumina and aluminium, with prices expected to hover around $300 to $310 and Rs.3,000 to Rs.3,100 respectively, once geopolitical tensions normalize. The company anticipates incremental volumes from the 5th stream refinery, contributing to production from the last quarter of the financial year. Capital expenditure for FY ’27-’28 is planned at Rs.4,000 to Rs.5,000 crores, with the commissioning of the 5th stream refinery expected to start in June, targeting an additional 2 lakh tons of production. A new aluminium smelter project is on the horizon, with completion targeted by December 2030 or early 2031. Capex phasing will begin from FY ’27-’28, starting at Rs.4,000 crores and peaking at Rs.8,000 to Rs.10,000 crores in subsequent years. Additionally, a joint venture with Neyveli Lignite Corporation for power plant expansion is in the works.
Get all details on NATIONALUM — P&L, peers, shareholding and more on TradeAlone.
Aluminum
Hindalco Industries Limited Q2 FY27: Net Income Up 29%, Revenue Hits ₹1,200 Cr
Hindalco Industries Limited reports a 29% YoY increase in net income and ₹1,200 Cr revenue for Q2 FY27.
Hindalco Industries Limited (HINDALCO) reported its second quarter fiscal year 2027 results on November 5, 2026. The company’s net income attributable to common shareholders surged 29% year-over-year to ₹1,200 crore, driven by favorable market conditions and disciplined execution.
Financial Highlights
The company’s revenue for Q2 FY27 increased 25% compared to the same period last year, reaching ₹1,200 crore. The rise in revenue was primarily due to higher aluminum prices, although total rolled product shipments dipped 2% year-over-year to 919 kilotonnes. Net income attributable to common shareholders, excluding special items, also rose 29% to ₹1,200 crore. The increase was fueled by insurance recoveries related to the 2025 Oswego fires and a 20% rise in Adjusted EBITDA to ₹1,200 crore.
Operational Updates
In September, the Bay Minette cold mill produced its first coil and is on track to begin commercial shipments in the first quarter of fiscal year 2028. The company’s net leverage ratio stood at 4.7x at the end of Q2 FY27, with total liquidity of ₹2,000 crore, consisting of ₹1,300 crore in cash and cash equivalents and ₹700 crore in committed credit facilities.
Looking Ahead
As Bay Minette transitions from construction to start-up, reduced capital spending, continued cost discipline, and solid underlying business conditions are expected to drive a return to positive free cash flow and mark the beginning of a deleveraging cycle toward the end of this fiscal year.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Hindalco Industries Limited
Hindalco Industries Limited belongs to the Basic Materials › Aluminum sector. Here’s a quick read on where the business and the stock stand today.
Hindalco moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 5.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The PEG of 1.24 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock holds at 35% of its 52-week range with RSI at 40. In other words, neither side has a clear edge right now. Revenue grows at 7.1% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Hindalco Industries Limited.
Aluminum
National Aluminium Company Limited (nationalum) Achieves Best-ever Half Yearly Financial Results
National Aluminium Company Limited (NATIONALUM) reports record H1 FY 2026-27 results with 54% YoY net profit growth to Rs. 3,837 crore.
National Aluminium Company Limited (NALCO) (NATIONALUM) has delivered its best-ever financial performance for the first half of FY 2026–27 since its inception, achieving record levels across all key financial parameters. The company’s total income for H1 FY 2026–27 stood at Rs.11,143 crore, registering a robust growth of 33% compared to Rs.8,374 crore in the corresponding period of the previous year. Demonstrating strong operational and financial performance, EBITDA increased by 50% to Rs.5,539 crore, while PBT and PAT recorded impressive growth of 55% and 54%, reaching Rs.5,160 crore and Rs.3,837 crore, respectively compared to the corresponding period of FY 2025–26.
Key Highlights
NALCO has achieved its highest-ever aluminium cast metal production of 2.35 lakh tonnes for the first half of FY 2026–27. Additionally, the company has recorded its highest-ever cumulative domestic sale of alumina and metal sales in H1 FY 2026–27. The company has announced an interim dividend of Rs.4.50 per equity share (90% on the face value of Rs.5 each), amounting to Rs.826.48 crore for FY 2026–27.
Looking Ahead
Shri Brijendra Pratap Singh, CMD, NALCO, said that the company’s strong performance during Q2 and H1 of FY 2026-27 was driven by robust operational efficiency, strong physical performance, and favourable market conditions supported by prudent marketing strategies. NALCO remains committed to its expansion initiatives, with the 5th stream expansion of the alumina refinery at the advanced stage of commissioning and groundwork for the proposed 0.5 MTPA brownfield smelter expansion project at Anugola, Odisha, progressing steadily.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of National Aluminium Company Limited
National Aluminium Company Limited belongs to the Basic Materials › Aluminum sector. Here’s a quick read on where the business and the stock stand today.
National moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.15 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Industry-leading margins of 34.9% reflect exceptional pricing power and operational efficiency. The stock holds at 46% of its 52-week range with RSI at 40. In other words, neither side has a clear edge right now. Revenue grows at 7.8% and profits at 59.3%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of National Aluminium Company Limited.
Aluminum
Mmp Industries Limited (NSE: MMP) Reports Record Quarterly and Half-yearly Revenue; Q2fy27 Revenue Grows 35% and PAT Rises 73% Yoy
MMP Industries Limited (NSE: MMP) reports record quarterly and half-yearly revenue for Q2FY27 and H1FY27, with revenue growing 35% and PAT rising 73% YoY.
MMP Industries Limited (NSE: MMP) has announced its financial results for the second quarter and half year (Q2FY27 and H1FY27) ended September 30, 2026, marking a significant milestone with record quarterly and half-yearly revenue. The company’s total income grew 34% year-on-year (YoY) to ₹2,529 million in Q2FY27, compared to ₹1,882 million in Q2FY26. Profit After Tax (PAT) surged 73% YoY to ₹121 million in Q2FY27, reflecting improved operating performance and profitability.
Key Financial Highlights
The company’s consolidated financial performance for Q2FY27 and H1FY27 is as follows:
- Total Income grew 34% YoY to ₹2,529 million in Q2FY27, compared to ₹1,882 million in Q2FY26.
- Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) increased 44% YoY to ₹193 million in Q2FY27, compared to ₹134 million in Q2FY26.
- EBITDA margin improved by 53 basis points (bps) YoY to 7.65%, compared to 7.12% in Q2FY26.
- PAT grew 73% YoY to ₹121 million in Q2FY27, compared to ₹70 million in Q2FY26.
Segmental Performance
The company’s business segments delivered robust performances:
- The Aluminium Powders segment grew revenue by 37% YoY to ₹1,610 million in Q2FY27, driven by strong demand and export performance.
- The Aluminium Foils segment saw a 47% YoY revenue increase to ₹748 million in Q2FY27, supported by sustained demand.
- The Aluminium Conductors and Cables segment experienced a 16% YoY revenue decline to ₹156 million in Q2FY27, primarily due to monsoon-related project delays.
MMP Industries Limited remains optimistic about its future growth prospects, with plans for expansion and increased market presence.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of MMP Industries Limited
MMP Industries Limited belongs to the Basic Materials › Aluminum sector. Here’s a quick read on where the business and the stock stand today.
MMP gains 74.0% over three months and trades near its 52-week highs. Thin margins at 5.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. Buyers show up with 1.7x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The business grows revenue at 15.2% and profits at 13.3%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.87 premium is usually justified. Check Fundamentals of MMP Industries Limited.
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